breakout, page-60

From GTE Ann today:


Yerrida Projects

The Company has noted that Sandfire Resources Limited (“Sandfire”) has significantly increased its land holding in the Yerrida basin over the last 6 months, acquiring approximately 1,300 km2 directly around the company’s projects (fig 1). Sandfire is the region’s most successful explorer having discovered both the Degrussa and Monty copper-gold deposits and it is highly encouraging that it is now targeting the Yerrida basin near the Company’s prospects.

The Company interprets this as Sandfire believes that the mineralisation seen at Degrussa and Monty is not just confined to the Bryah basin and can also occur in the larger Yerrida basin as well. This is what the Company interpreted when it started to acquire tenements in the region in 2010 and now believes it has benefited from first mover advantage identifying the more prospective areas.


Would SFR holders agree with this assessment? the ENT deal would suggest their data is pointing to the Yerrida rather than the Bryah, even with the Monty find, I suspect?